3D Printing Photopolymer Market to Exhibit 18.6% CAGR during the Forecast Period | Key Players: Formlabs Inc., 3D Systems Corporation, Stratasys, Molecule Corp.

The 3D Printing Photopolymers Market is estimated to value USD 846.13 million by 2028, growing at a CAGR of 18.6% over the projected timeframe. The market is expected to grow due to increasing demand from end-user industries like automotive, medical, electronics, aerospace, and defense. The technological advances in the automotive industry, there is high demand for 3D Printing Photopolymer. 3D Printing Photopolymer has made it easier to create innovative, stronger, lighter, and safer products and parts with and lower costs. 3D printing was primarily used by OEMs for rapid prototyping.

Photopolymers are light-sensitive polymeric materials that change their chemical and physical properties after they are exposed to light. The reaction is started by ultraviolet rays, which alter the properties of photopolymers. They are widely used in a variety of printing methods, such as Stereolithography, and polyjet.

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Growth Drivers that Support the Global 3D Printing Photopolymer Market:

• In 2019, North America dominated the market for 3D Printing Photopolymer, accounting for significant share of the global sales. The area is made up of developed markets with a technologically advanced 3D Printing Photopolymer industry, making it a major contributor to the global 3D Printing Photopolymer market.

• In 2019, the United States dominated the North American market, and this trend is predicted to continue over the forecast period. The growing medical end-use, is driving demand for 3D Printing Photopolymer in the country. The mechanical and chemical properties of 3D Printing Photopolymer have led to an increase in demand in medical equipment. Product demand in the healthcare industry is expected to be driven by biocompatibility, optical visibility, and cost-effective manufacturing methods.

• Furthermore, the increasing patient population as a result of the COVID-19 outbreak at the community level is expected to drive demand for medical components, raising demand for 3D Printing Photopolymer in the United States.

• In 2019, the healthcare end-use segment dominated the industry and held a significant share. The cost-effectiveness, ease of customization, and rising incidences of vascular and osteoarthritis diseases are all driving demand for 3D Printing Photopolymer in the medical industry.

• Increased product demand in medical applications is expected to be fueled by advanced technology, favorable government funding, and rapid product growth. Furthermore, the rising demand for medical components such as face shields, mask clips, 3D printed mask and filter covers, and other medical components as a result of the COVID-19 pandemic is expected to propel market development.

Recent Developments in the Global 3D Printing Photopolymer Market:

• 3 May 2021 - In collaboration with BASF, Nexa3D has announced the launch of three new photopolymer materials for its NXE 400 stereolithography 3D printing platform.

• 5th of May, 2021 - INFINAM® TI 3100 L and INFINAM® ST 6100 L are two photopolymers produced by Evonik for industrial 3D printing applications and are available under the brand names INFINAM® ST 6100 L and INFINAM® TI 3100 L. The two ready-to-use materials are the first in a new line of polymer resins designed for use in common VAT polymerization technologies like SLA and DLP.

• Forward AM and Photocentric announce a joint portfolio of visible light photopolymers for 3D printing on August 17th, 2020. Forward AM, a subsidiary of BASF, and Photocentric, a materials and systems company, have launched a joint polymer portfolio called Ultracur3D. Photocentric is the company behind this website.

• 10 November 2020 - Nexa3D, a manufacturer of ultrafast stereolithography production 3D printers, and Henkel, a leading supplier of high-impact functional additive materials, have announced the launch of the xPRO410, a rigid photoplastic that prints with extreme precision.

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Major companies functioning in the global 3D Printing Photopolymer Market are Formlabs Inc., 3D Systems Corporation, Stratasys, Molecule Corp. (Henkel), Adaptive 3D, ProLab Materials srl, Shenzhen Yongchanghe 3D Resin Co., Ltd, Henkel, and Formi 3PD. Inc

Market Segmentation:

By Photopolymer Type:
• Digital light processing
• Polyjet
• Stereolithography

By Light Spectrum:
• Ultraviolet
• Visible
• Infrared

By End-User Industry:
• Healthcare Industry
• Aerospace & Defense
• Automotive Industry
• Electronics & Electrical
• Others

By Region:
• North America
o By Country (US, Canada, Mexico)
o By Photopolymer Type
o By Light Spectrum
o By End-Use Industry

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Photopolymer Type
o By Light Spectrum
o By End-Use Industry

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Photopolymer Type
o By Light Spectrum
o By End Use Industry

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Photopolymer Type
o By Light Spectrum
o By End-Use Industry

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Photopolymer Type
o By Light Spectrum
o By End Use Industry

Rest of the World
o By Region (South America, Africa)
o By Photopolymer Type
o By Light Spectrum
o By End-Use Industry

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